Markets regulator, the Securities and Exchange Board of India, Sebi decided to increase the Foreign Portfolio Investors (FPI) investment limit in central government securities to Rs 1,40,000 crore from April 4. This will boost inflows of foreign funds into Indian capital markets. It will be further increased to Rs 1,44,000 crore from 5th of July this year. Currently the existing limit is Rs 1,35,400 crore. In a circular, Sebi said there will be a separate limit for investment by all FPIs in the state development loans.The limit for long term FPIs (Sovereign Wealth Funds, Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in central government securities will be enhanced to Rs 50,000 crore from 4th of next month and Rs 56,000 crore on 5th of July this year. Currently, the existing limit is Rs 44,100 crore for long term FPIs.
News On AIR | March 30, 2016 8:23 AM
SEBI hikes FPI investment limit for govt debt